Tag: SinoHydro deal
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China releases funds for phase one of Sinohydro project
Funds for the first tranche of the ‘bauxite for development’ barter agreement, popularly known as Sinohydro deal, signed between the Government of Ghana and the People’s Republic of China has been released, the Vice President of the Republic, Dr. Mahamudu Bawumia has disclosed. Speaking in Accra on Monday, 11th November 2019 at the Jubilee House,…
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Bauxite mining in Atewa forest won’t harm environment – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has given assurances that the government’s plan to have bauxite mined in the country’s largest surviving natural rainforest, the Atewa forest, will not in any way destroy the environment. He believes that the technology to be adopted by the miners would reduce the impact of the mining activity on the quality of life…
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Industrializing Ghana: Nana Addo defends 1d,1f; bauxite deal
President Akufo Addo has mounted a strong defense of his government’s industrialization agenda in a bid to grow Ghana’s economy. The President says the flagship one district, one factory program should create employment and improve livelihoods. President Akufo Addo made the remarks at the Financial Times Africa Summit where he also justified the recent economic…
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IMF clearance speeds up processes for China’s $2bn – Akoto Osei
The Minister for Monitoring and Evaluation, Dr. Anthony Akoto Osei, has stated that government will speed up negotiations on the two billion dollar SinoHydro bauxite deal, following the International Monetary Fund’s (IMF) rejection of the Minority’s request to classify the deal as a loan. Speaking to Citi News, Dr. Akoto Osei maintained that the clarification…